NEW YORK — McDonald’s plans to increase hourly wages by more than 10% for roughly 90,000 workers — a move that follows in the footsteps of retail giants Walmart and T.J. Maxx and new state minimum wage laws across the country.

Effective July 1st, McDonald’s starting wages will be at least $1 an hour more than the minimum wage set by local law, the fast-food chain announced Wednesday. All employees up to restaurant managers will get a pay bump as well.

The result: the fast food giant projects that its average hourly wage will reach more than $10 an hour by the end of 2016 — up from $9.01 currently. The new average will be $2.75 above the federal minimum wage.

There’s a catch — The raise only applies to the 1,500 McDonald’s-owned restaurants in the U.S. It doesn’t apply to workers at the franchise-owned stores, which make up about…